Replying to Avatar Cyph3rp9nk

This is important, very important. It avoids having to use the dollar to trade Bitcoin at the institutional level.

"BlackRock just filed to allow in-kind creation and redemption on their Bitcoin ETF. This mean Authorised Participants can deposit and withdraw Bitcoin to and from the ETF."
2f
2f5de000... 11mo ago

It's still issued by a third party.

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Abstract Equilibrium 11mo ago

You have to earn bitcoin directly to avoid a fiat 3rd party, at which point a fiat-denominated ETF or exchange is moot